The United Kingdom has reached a “critical juncture” in its housing crisis, warns Aberdeen.

The manager says the country needs a renewed focus on the private rented sector (PRS) if it is to even have a chance of meeting its urgent housing needs. Research by Aberdeen shows the UK Government’s goal of building 370,000 new homes a year in England alone, was last achieved in 1969. Today, this target is already behind schedule and is being exacerbated by a growing population and the country’s ageing housing supply. The manager says 2.7 million PRS dwellings were built before 1964, which accounts for 56 percent of all PRS properties.

More than 5.5 million households are currently renting in the United Kingdom according to the UK Office for National Statistics, showing how vital PRS is to the country’s overall residential market. The manager believes the build-to-rent (BTR) sector can deliver much-needed quality residential housing — as part of a multi-tenure appr